Common use of Loan Requests Clause in Contracts

Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request the Lenders to make Loans, or renew or convert the Interest Rate Option applicable to existing Loans pursuant to Section 3.2 [Interest Periods], by delivering to the Agent, not later than 11:00 a.m., Pittsburgh time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Loans to which the Euro-Rate Option applies or the conversion to or the renewal of the Euro-Rate Option for any Loans; and (ii) on the Business Day of the proposed Borrowing Date with respect to the making of a Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date; (ii) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, which shall be in integral multiples of $1,000,000 and not less than $3,000,000 for each Borrowing Tranche to which the Euro-Rate Option applies and not less than the lesser of $100,000 or the maximum amount available for Borrowing Tranches to which the Base Rate Option applies; (iii) whether the Euro-Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) in the case of a Borrowing Tranche to which the Euro-Rate Option applies, an appropriate Interest Period for the Loans comprising such Borrowing Tranche.

Appears in 3 contracts

Samples: Revolving Credit Facility (Penn Virginia Resource Partners L P), Revolving Credit Facility (Penn Virginia Resource Partners L P), Revolving Credit Facility (Penn Virginia Resource Partners L P)

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Loan Requests. Except as otherwise provided herein, the ------------- Borrower may from time to time prior to the Expiration Date request the Lenders Banks to make Loans, or renew or convert the Interest Rate Option applicable to existing Loans pursuant to Section 3.2 [Interest Periods]Loans, by delivering the delivery to the Administrative Agent, not later than 11:00 a.m., 10:00 A.M. Pittsburgh time, time (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Loans to which the Euro-Rate Option applies or the conversion to or the renewal of the Euro-Rate Option for any Loans; and (ii) on the Business Day of the proposed Borrowing Date with respect to the making of a Loan to which the Base Rate Option applies or is the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5 2.05 hereto or a ------------ request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a "Loan Request"), it being understood that the Administrative Agent may rely in good faith on the authority of any individual person making such a telephonic request without the necessity of receipt of such written confirmationand purporting to be an Authorized officer. Each Loan Request shall be irrevocable and shall specify (i) specify the proposed Borrowing Date; (ii) specify the aggregate amount of the proposed Loans comprising each the Borrowing Tranche, which shall be in integral multiples of $1,000,000 500,000 and not less than $3,000,000 5,000,000 for each Borrowing Tranche Loans to which the Euro-Rate Option applies and not less than the lesser of $100,000 500,000 or the maximum amount available for Borrowing Tranches Loans to which the Base Rate Option applies; (iii) specify whether the Euro-Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) specify in the case of a Borrowing Tranche Loans to which the Euro-Rate Option applies, an appropriate Interest Period for the proposed Loans comprising such the Borrowing Tranche; and (v) certify that no Event of Default or Potential Default has occurred and is continuing.

Appears in 3 contracts

Samples: Credit Agreement (Mariner Post Acute Network Inc), Credit Agreement (Mariner Post Acute Network Inc), Term Loan Facility (Mariner Post Acute Network Inc)

Loan Requests. Except as otherwise provided herein, the Borrower Borrowers may from time to time prior to the Expiration Date request the Lenders Banks to make Loans, or renew or convert the Interest Rate Option applicable to existing Loans pursuant to Section 3.2 [Interest Periods]4.2, by delivering to the Agent, not later than 11:00 a.m.12:00 noon, Pittsburgh Philadelphia time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Loans to which the Euro-Rate Option applies or the conversion to or the renewal of the Euro-Rate Option for any Loans; and or (ii) on the Business Day of the proposed Borrowing Date with respect to the making of a Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a "Loan Request"), it being understood that the Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date; (ii) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, which shall be in integral multiples of $1,000,000 100,000 and not less than $3,000,000 2,000,000 for each Borrowing Tranche to which the Euro-Rate Option applies and not less than the lesser of $100,000 300,000 (as to any individual loan request) or the maximum amount available for Borrowing Tranches to which the Base Rate Option applies; (iii) whether the Euro-Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) in the case of a Borrowing Tranche to which the Euro-Rate Option applies, an appropriate Interest Period for the proposed Loans comprising such Borrowing Tranche.

Appears in 1 contract

Samples: Revolving Credit Facility (Primesource Corp)

Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request the Lenders Banks to make Loans, or renew or convert the Interest Rate Option applicable to existing Loans pursuant to Section 3.2 [Interest Periods]Loans, by delivering the delivery to the Agent, not later than 11:00 a.m., Pittsburgh time, 10:00 A.M. Philadelphia time (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Loans to which the Revolving Credit Euro-Rate Option, Term Loan Euro-Rate Option or Term Loan Treasury Rate Option applies or the conversion to or the renewal of the Revolving Credit Euro-Rate Option or Term Loan Euro-Rate Option for any Loans; and (ii) on the one (1) Business Day of prior to the proposed Borrowing Date with respect to the making of a Loan to which the Base Federal Funds/Euro-Rate Option applies or the conversion to or renewal of the Federal Funds/Euro-Rate Option for any Loans; (iii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of a Loan to which either the CD Rate Option or the Prime Rate Option applies or the conversion to or renewal of the CD Rate Option for any Loans; and (iv) the last day of the preceding Interest Period with respect to the conversion to the Base Prime Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5 or a request F hereto by telephone immediately and confirmed on the same day in writing by letter, facsimile or telex in such form (each, a "Loan Request"), it being understood that the Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date; (ii) the aggregate amount of the proposed Loans comprising each the Borrowing Tranche, which shall be in integral multiples of $1,000,000 100,000 and not less than $3,000,000 2,000,000 for each Borrowing Tranche Loans to which the CD Rate Option or Revolving Credit Euro-Rate Option applies and applies, not less than the lesser of $100,000 200,000 or the maximum amount available for Borrowing Tranches Loans to which the Base Prime Rate Option or the Federal Funds/Euro-Rate Option applies and shall equal or exceed $25,000,000 but not exceed $50,000,000 for Loans to which the Expiration Date Term Loan Treasury Rate Option applies and shall equal or exceed $25,000,000 but not exceed $75,000,000 for Loans to which the Mandatory Reduction Date Term Loan Treasury Rate Option applies; (iii) whether the CD Rate Option, Revolving Credit Euro-Rate Option, Prime Rate Option, Federal Funds/Euro-Rate Option, Term Loan Treasury Rate Option or Base Term Loan Euro-Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) in the case of a Borrowing Tranche Loans to which the CD Rate Option or any Euro-Rate Option applies, an appropriate CD Rate or Euro-Rate Interest Period for the proposed Loans comprising such the Borrowing Tranche.

Appears in 1 contract

Samples: Revolving Credit Agreement (Toll Brothers Inc)

Loan Requests. Except as otherwise provided herein, the Borrower Borrowers may from time to time prior to the Expiration Date request the Lenders Banks to make Loans, or renew or convert the Interest Rate Option applicable to existing Loans pursuant to Section 3.2 [Interest Periods]4.2, by delivering to the Agent, not later than 11:00 a.m., Pittsburgh Camp Hill time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Loans to which the Euro-Rate Option applies or the conversion to or the renewal of the Euro-Rate Option for any Loans; and (ii) on the Business Day of the proposed Borrowing Date with respect to the making of a Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a "Loan Request"), it being understood that the Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date; (ii) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, which shall be in integral multiples of $1,000,000 100,000 and not less than $3,000,000 $ 1,000,000 for each Borrowing Tranche to which the Euro-Rate Option applies and not less than the lesser of $100,000 500,000 or the maximum amount available for Borrowing Tranches to which the Base Rate Option applies; (iii) whether the Euro-Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) in the case of a Borrowing Tranche to which the Euro-Rate Option applies, an appropriate Interest Period for the proposed Loans comprising such Borrowing Tranche.

Appears in 1 contract

Samples: Revolving Credit Agreement (Tb Woods Corp)

Loan Requests. Except as otherwise provided herein, the ------------- Borrower may from time to time prior to the Expiration Date request the Lenders Banks to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Loans pursuant to Section 3.2 [Interest Periods]Loans, by delivering the delivery to the Administrative Agent, not later than 11:00 a.m., 10:00 A.M. Pittsburgh time, time (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Loans to which the Euro-Euro- Rate Option applies or the conversion to or the renewal of the Euro-Rate Option for any Loans; and (ii) on the Business Day of which is the proposed Borrowing Date with respect to the making of a Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to of the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5 2.05 hereto or a request by telephone ------------ immediately confirmed in writing by letter, facsimile or telex in such form (each, a "Loan Request"), it being understood that the Administrative Agent may rely in good faith on the authority of any individual person making such a telephonic request without the necessity of receipt of such written confirmationand purporting to be an Authorized officer. Each Loan Request shall be irrevocable and shall specify (i) specify the proposed Borrowing Date; (ii) specify the aggregate amount of the proposed Loans comprising each the Borrowing Tranche, which shall be in integral multiples of $1,000,000 500,000 and not less than $3,000,000 5,000,000 for each Borrowing Tranche Loans to which the Euro-Rate Option applies and not less than the lesser of $100,000 500,000 or the maximum amount available for Borrowing Tranches Loans to which the Base Rate Option applies; (iii) specify whether the Euro-Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) specify in the case of a Borrowing Tranche Loans to which the Euro-Rate Option applies, an appropriate Interest Period for the proposed Loans comprising such the Borrowing Tranche.;

Appears in 1 contract

Samples: Revolving Credit Facility (Mariner Post Acute Network Inc)

Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request the Lenders to make Loans, or renew or convert the Interest Rate Option applicable to existing Loans pursuant to Section 3.2 [Interest Periods], by delivering to the Administrative Agent, not later than 11:00 10:00 a.m., Pittsburgh time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Loans to which the Euro-Rate Option applies or the conversion to or the renewal of the Euro-Rate Option for any Loans; and (ii) on the Business Day of either the proposed Borrowing Date with respect to the making of a Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5 2.4 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request for deposit into an account of the Borrower without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date; (ii) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, which shall be in integral multiples of $1,000,000 and not less than $3,000,000 5,000,000 for each Borrowing Tranche to which the Euro-Rate Option applies and which shall be in integral multiples of $100,000 and not less than the lesser of $100,000 500,000 or the maximum amount available for Borrowing Tranches to which the Base Rate Option applies; (iii) whether the Euro-Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) in the case of a Borrowing Tranche to which the Euro-Rate Option applies, an appropriate Interest Period for the Loans comprising such Borrowing Tranche.

Appears in 1 contract

Samples: Credit Agreement (Key Energy Services Inc)

Loan Requests. 1. Loan Requests relating to Revolving Credit Loans and Term Loans. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 3.2 4.2 [Interest Periods], by delivering to the Administrative Agent, not later than 11:00 a.m., Pittsburgh time1:00 p.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Euro-LIBOR Rate Option applies or the conversion to or the renewal of the Euro-LIBOR Rate Option for any Loans, except that for Loans to be made, converted and/or renewed on the Closing Date such notice may be made on the Closing Date; and (ii) on the one (1) Business Day of prior to either the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5 2.5.1 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date; (ii) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of $1,000,000 50,000 and not less than $3,000,000 5,000,000 for each Borrowing Tranche to which under the Euro-LIBOR Rate Option applies Option, and not less than the lesser of $100,000 or the maximum amount available 1,000,000 for each Borrowing Tranches to which Tranche under the Base Rate Option applies; (iii) whether the Euro-Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) in the case of a Borrowing Tranche to which the Euro-Rate Option applies, an appropriate Interest Period for the Loans comprising such Borrowing TrancheOption.

Appears in 1 contract

Samples: Credit Agreement (Federated Investors Inc /Pa/)

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Loan Requests. Except as otherwise provided herein, the ------------- Borrower may from time to time prior to the Expiration Date request the Lenders Banks to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Loans pursuant to Section 3.2 [Interest Periods]Loans, by delivering the delivery to the Administrative Agent, not later than 11:00 a.m., 10:00 A.M. Pittsburgh time, time (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Loans to which the Euro-Euro- Rate Option applies or the conversion to or the renewal of the Euro-Rate Option for any Loans; and (ii) on the Business Day of which is the proposed Borrowing Date with respect to the making of a Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to of the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5 2.05 hereto or a request by telephone ------------ immediately confirmed in writing by letter, facsimile or telex in such form (each, a "Loan Request"), it being understood that the Administrative Agent may rely in good faith on the authority of any individual person making such a telephonic request without the necessity of receipt of such written confirmationand purporting to be an Authorized officer. Each Loan Request shall be irrevocable and shall specify (i) specify the proposed Borrowing Date; (ii) specify the aggregate amount of the proposed Loans comprising each the Borrowing Tranche, which shall be in integral multiples of $1,000,000 500,000 and not less than $3,000,000 5,000,000 for each Borrowing Tranche Loans to which the Euro-Rate Option applies and not less than the lesser of $100,000 500,000 or the maximum amount available for Borrowing Tranches Loans to which the Base Rate Option applies; (iii) specify whether the Euro-Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) specify in the case of a Borrowing Tranche Loans to which the Euro-Rate Option applies, an appropriate Interest Period for the proposed Loans comprising such the Borrowing Tranche; (v) specify the use by the Borrower of the loan proceeds; (vi) certify that no Event of Default or Potential Default has occurred and is continuing after giving effect to the proposed Revolving Credit Loan and without limiting the generality of this clause (vi), certify compliance with Section 2.01(c) of this Agreement; and (vii) in the event that the proceeds of the proposed Revolving Credit Loan will be used to acquire a new health care facility or other business, permitted to be acquired pursuant to this Agreement, certify, in detail satisfactory to the Administrative Agent, a calculation of the ratio specified in Section 2.01(c).

Appears in 1 contract

Samples: Revolving Credit Facility (Mariner Post Acute Network Inc)

Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request the Lenders Banks to make Loans, or renew or convert the Interest Rate Option applicable to existing Loans pursuant to Section 3.2 [Interest Periods], by delivering to the Administrative Agent, not later than 11:00 10:00 a.m., Pittsburgh time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Loans to which the Euro-Rate Option applies or the conversion to or the renewal of the Euro-Rate Option for any Loans; and (ii) on the one (1) Business Day of prior to either the proposed Borrowing Date with respect to the making of a Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit EXHIBIT 2.5 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a "Loan Request"), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date; (ii) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, which shall be in integral multiples of $1,000,000 and not less than $3,000,000 5,000,000 for each Borrowing Tranche to which the Euro-Rate Option applies and not less than the lesser of $100,000 1,000,000 or the maximum amount available for Borrowing Tranches to which the Base Rate Option applies; (iii) whether the Euro-Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) in the case of a Borrowing Tranche to which the Euro-Rate Option applies, an appropriate Interest Period for the Loans comprising such Borrowing Tranche.

Appears in 1 contract

Samples: Credit Agreement (Papa Johns International Inc)

Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Conversion Date request the Lenders to make Loans, or renew or convert the Interest Rate Option applicable to existing Loans pursuant to Section 3.2 4.2 [Interest Periods], by delivering to the Agent, Administrative Agent (i) not later than 11:00 a.m.1:00 p.m., Pittsburgh time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Loans to which the Euro-LIBOR Rate Option applies or the conversion to or the renewal of the Euro-LIBOR Rate Option for any Loans; and (ii) on not later than 1:00 p.m., the same Business Day of the proposed Borrowing Date with respect to the making of a Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5 2.4 or a request by telephone immediately confirmed in writing by letter, facsimile or telex electronic mail in such form (each, a "Loan Request"), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation, provided such individual purports to be an Authorized Officer. Each Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date; (ii) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, the amount of which shall be in integral multiples of $1,000,000 and not less than $3,000,000 for each Borrowing Tranche to which the Euro-LIBOR Rate Option applies and not less than the lesser of $1,000,000 and in integral multiples of $100,000 or the maximum amount available for Borrowing Tranches to which the Base Rate Option applies; (iii) whether the Euro-LIBOR Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) in the case of a Borrowing Tranche to which the Euro-LIBOR Rate Option applies, an appropriate Interest Period for the Loans comprising such Borrowing Tranche.

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

Loan Requests. Except as otherwise provided herein, the Borrower Borrowers may from time to time prior to the Expiration Date request the Lenders Banks to make Loans, or renew or convert the Interest Rate Option applicable to existing Loans pursuant to Section 3.2 [Interest Periods]4.2, by delivering to the Agent, not later than 11:00 a.m.12:00 noon, Pittsburgh Philadelphia time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Loans to which the Euro-LIBO Rate Option applies or the conversion to or the renewal of the Euro-LIBO Rate Option for any Loans; and or (ii) on the Business Day of the proposed Borrowing Date with respect to the making of a Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a "Loan Request"), it being understood that the Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date; (ii) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, which shall be in integral multiples of $1,000,000 100,000 and not less than $3,000,000 2,000,000 for each Borrowing Tranche to which the Euro-LIBO Rate Option applies and not less than the lesser of $100,000 300,000 (as to any individual loan request) or the maximum amount available for Borrowing Tranches to which the Base Rate Option applies; (iii) whether the Euro-LIBO Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) in the case of a Borrowing Tranche to which the Euro-LIBO Rate Option applies, an appropriate Interest Period for the proposed Loans comprising such Borrowing Tranche.

Appears in 1 contract

Samples: Credit Agreement (Primesource Corp)

Loan Requests. Except as otherwise provided herein, the Borrower Borrowers may from time to time prior to the Expiration Maturity Date request the Lenders to make Loans, or renew or convert the Interest Rate Option applicable to existing Term Loans pursuant to Section 3.2 4.2 [Interest Periods], by delivering to the Administrative Agent, not later than 11:00 a.m., Pittsburgh time12:00 noon, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Loans to which the Euro-Rate Option applies or the conversion to or the renewal of the Euro-Rate Option for any Loans; and (ii) on the same Business Day of the proposed Borrowing Date with respect to the making of a Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5 2.4.1 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date; (ii) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amount shall be in (x) integral multiples of $1,000,000 and not less than $3,000,000 5,000,000 for each Borrowing Tranche to which under the Euro-Rate Option applies Option, and (y) integral multiples of $500,000 and not less than the lesser of $100,000 or the maximum amount available 1,000,000 for each Borrowing Tranches to which Tranche under the Base Rate Option appliesOption. Each Lender may, at its option, make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; (iii) whether provided that any exercise of such option shall not affect in any manner the Euro-Rate Option or Base Rate Option shall apply obligation of such Borrower to repay such Loan in accordance with the proposed Loans comprising the applicable Borrowing Tranche; and (iv) in the case terms of a Borrowing Tranche to which the Euro-Rate Option applies, an appropriate Interest Period for the Loans comprising such Borrowing Tranchethis Agreement.

Appears in 1 contract

Samples: Credit Agreement (RPM International Inc/De/)

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